What’s the answer for Aucklanders trapped in the affordability squeeze?
Property experts say those facing a lifetime of renting must change their ideas if they want to get on the housing ladder.
DTZ’s Ian Mitchell, who worked on the two Centre for Housing reports issued on Monday, said Aucklanders simply had to change their expectations.
“In Sydney or Melbourne, if you wanted a three-bedroom house on a section close to where you work, you’d know you would have to compromise and buy a unit or apartment instead,” Mr Mitchell said. (more…)